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Housing slump sees construction output fall

Construction Enquirer

The index was dragged down by a steep decline in residential work. “Fewer houses being built meant the sector was dragged down overall because civil engineering and commercial building projects remained relatively buoyant with stronger pipelines of work. in June, down from 51.6 in May and below the neutral 50.0

Housing 103
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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Commercial PACE programs are still very new. Maryland is typical.

Baltimore 120
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Achieving aesthetics and energy efficiency with stone wool insulation

Construction Specifier

As a result, more thought is now invested in material selection and whole system performance. It differs from slag wool, which is a manmade material made primarily from iron ore blast furnace slag. Stone wool is a fibrous insulation that is created by predominantly melting rock.

America 52
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Can the EDGE Green Building System Save the Planet?

Green Building Law Update

EDGE, the acronym for “Excellence in Design for Greater Efficiencies” is a green building certification system for new residential and commercial buildings in emerging markets and developing countries. EDGE was created by the International Finance Corporation, one of five organizations that comprise the World Bank Group.

Green 168
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Can the EDGE Green Building System Save the Planet?

Green Building Law Update

EDGE, the acronym for “Excellence in Design for Greater Efficiencies” is a green building certification system for new residential and commercial buildings in emerging markets and developing countries. EDGE was created by the International Finance Corporation, one of five organizations that comprise the World Bank Group.

Green 120
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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Minnesota breaks its prevailing wage rates into two categories: highway/heavy construction and commercial construction. Commercial construction includes building projects exclusive of residential construction. Here are some rates for commercial construction in St. One solution is material financing. Learn More.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. Retention doesn’t usually apply to material suppliers. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project.